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24Oct/11

Square’s Card Reader Available In Walmart

By Martin Schuppelius

Payment Observer spotlight company. See more details here about one of the up and coming service providers in the financial services for small business.

Bloomberg today.

The Square app, which is available for Apple iOS or Google Android, enables individuals and businesses to accept payments on their mobile devices. It can be used either by swiping the card on the card reader that plugs into the headphone jack, or by manually entering the details on the phone. The app is available for free at the App Store and Android Market.

iZettle recently received $11.2 million in Series A funding.

The company was founded by Twitter co-founder Jack Dorsey and Jim McKelvey and publicly launched in October 2010. The service has seen widespread adoption since its launch and is now processing $2B in payments per year. PayPal, by comparison, expects more than $3.5B in mobile volume this year.

Check out the video to see Square in action:

Tags: Mobile Payment

One Response to “Square’s Card Reader Available In Walmart”


  1. Payment Observer » Square Updates Mobile Payment App – Now You Can Pay With Your Name

    [...] and acts as a credit-card reader. The reader can be bought at more than 9,000 retail stores, including Walmart. The dongle, in combination with the Card Case app, allows merchants to accept cards without having [...]

    November 3rd, 2011 at 13:44